Aegis Logistics Launches ₹3,500 Crore QIP At ₹1,210 Per Share To Repay Borrowings And Meet Working Capital Needs

Aegis Logistics launched a qualified institutional placement (QIP) to raise up to ₹3,500 crore on Wednesday, 11 November. The issue has a base size of ₹3,000 crore, with an indicative price of ₹1,210 per share, representing a 1.4% discount to Wednesday’s closing price of ₹1,225.10 on the National Stock Exchange (NSE).

Aegis Logistics shares were trading at ₹1,261.50 at 9:53 am on Thursday, up 2.80% from the previous close.

Aegis Logistics QIP: What Are The Key Details?

The company’s proposed QIP could result in an equity dilution of around 7.1% of its pre-issue outstanding share capital, based on the base issue size and indicative price.

Aegis Logistics set the floor price at ₹1,161.85 per share when it opened the issue on 11 November. The Fund Raising Committee approved the preliminary placement document and application form for eligible qualified institutional buyers.

The company can offer a discount of up to 5% on the floor price. The final issue price will be decided by the committee in consultation with the book-running lead managers.

The company intends to use the QIP proceeds for two purposes: reducing its outstanding debt and meeting working capital requirements. It has said that the funds will go towards full or partial repayment of its borrowings, along with expenses linked to its business operations.

Fundraising On The Back Of Strong Q2 FY27 Results

Aegis Logistics' board cleared a proposal to raise up to ₹6,000 crore on 28 September. Shareholders gave their approval on 21 October. The company can raise this money through different routes, including equity shares and non-convertible debentures (NCDs).

The QIP also comes shortly after a strong quarter for the company. Aegis Logistics Q2 FY27 results showed a net profit of ₹261 crore, up 45% from the same quarter last year. Its earnings before interest, tax, depreciation and amortisation (EBITDA) rose to ₹434 crore, compared with ₹291 crore a year ago. The operating margin also moved up from 12.67% to 19.62%. However, revenue declined 3.5% to ₹2,213 crore during the quarter.

Aegis Logistics shares gained more than 70% so far in 2026, despite ending the previous session 0.13% lower.

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